The planned merger of Arkan and Emirates Steel will create the UAE’s biggest steel and buildings material company, majority owned by sovereign wealth fund ADQ’s Senaat. Given CEO Mohamed Hassan Alsuwaidi’s recent signals of a surge in capital deployment in a dash for growth, the consolidation could be a prelude...
The planned merger of Arkan and Emirates Steel will create the UAE’s biggest steel and buildings material company, majority owned by sovereign wealth fund ADQ’s Senaat. Given CEO Mohamed Hassan Alsuwaidi’s recent signals of a surge in capital deployment in a dash for growth, the consolidation could be a prelude...